Diabytes
Priority sector lending News
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The PSL will include bank finance to start-ups for up to Rs 50 crore.
The targets prescribed for “small and marginal farmers” and “weaker sections” are being increased in a phased manner.
Higher credit limit has been specified for Farmers Producers Organisations.
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The Reserve Bank will come out with final guidelines on priority sector lending (PSL) for banks by end of this month which will be aimed at getting a parity among all lenders, Governor Raghuram Rajan said Tuesday.
RBI, RBI guidelines, priority sector lending, adjusted net bank credit, Macquarie Research
In order to boost real estate development, government is planning to extend priority sector lending benefits to the housing sector and work on bringing down the interest rates to 7-8 percent.
The Reserve Bank plans to include export finance under priority sector lending category, with certain riders, Deputy Governor H R Khan said here on Tuesday.
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